car insurance per month of RM250? one year RM3k already

He's a diploma holder working with TM. @yhtan, it's a car installment. Sorry, i was having dificulties in typing with my hp.

With Diploma holder,he can get higher salary's job.
and sometimes we need to work harder to get higher positions and better salary income.

Well,maybe he's the one choose to live in this lifestyle.

Can't agree more. With 1.8k salary try to stretch longer.

Well do you need the transportation? if yes then you got no choice. I will definitely take a 9 or 11 years loan if i'm in your shoe. Myself wanted to get a motor as well but looking at the accident rate recently and because im travelling on highway DAILY from Klang to Cyber.. i see alot of those who ride motor was lying on the road recently Don't dare to get anymore.

Don't scare about this one, i drove at KL very fierce also never get bang because i got skill
Cut the queue damn fast but i hate dust and pouring.The statistic that you're seeing made u afraid then u won't be able to save money
Since i'm now just starting to work, i afraid i can't get the car loan since i don't have 3 months payslip yet
11 years commitment

Just my opinion, those involved in accident, some are those too confident about themself. No matter how good is your skill, u will never know where are the reckless and speedy driver out there.

I have seen a video that the motorcyclist got hit by truck driver and ram over then he become those dead dog/cat that sometimes we can see on the road, only his head can see seen clearly. I'll show u the clip if I can find.

This post has been edited by almeizer: Dec 7 2010, 09:56 PM

Bro most of the accident i see it was not caused by the carelessness of the motorcyclist le. On Elite highway back to Klang. i saw a total of 3 accidents.
1st) the lorry rammed over the motorcycle. fxxking gross! whole road with blood the guy covered with black plastic on top already...
2nd) i think fast lorry past by or something the guy lye on the floor at the bahu jalan. Motor already terkandas at the bahu jalan. To be honest i can only pray for him.
3rd) because of 1 stupid blardy gen2! i can still remember! he keep flashing light behind of me despite i was driving 120km/h then he pandai pandai cut from fast lane to 2nd lane then to 1st lane.. overtake here and there. Near the toll after Setia Alam i saw his car already bank the divider but got one poor innocent motorcyclist lying on the 2nd lane. Seems like when the car lose control most probably pusing pusing and langgar into the divider in 1st lane causing the motorcyclist to crash and somehow he landed in the middle of the road unconcious.

*Most of the Motor accident i see were not caused by the motorcyclist, it's those car/lorry driver who drive damn freaking fast on a highway.
*this all happen in 5 months time. I wonder how many more did happen when i was not driving on the road...

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Added on December 7, 2010, 10:07 pmDid that happen near the Mines? I get to see one clip too which happen in The Mines not far away, the lorry just ram over the motor and drag the body for more than 100 meters! that one is confirm mati!

This post has been edited by kidmad: Dec 7 2010, 10:07 PM

Ya, i saw a lot of these videos on facebook but i have no fear about this one, maybe because i ride motorbike so long havent get into any serious accident, touch wood **save money might kill your life sometimes

Out of topic, bring back to personal finance

Agree.. That's why I am still loyal to my 10 yr old 660cc kancil..

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Added on December 8, 2010, 1:54 pmShould be car installment, instead of car insurance..

This post has been edited by CalvinCLK: Dec 8 2010, 01:54 PM

hi all,

I just start working for 1 month and my salary is just 1800. I am planning to buy a car for me but i dont know what is the car that can suit my salary and also about the loan. So i need advice from u guys. In addition, how to manage my money? how much should i provide for saving?what about my insurans? what are things that must be done?eg. unit trust, asb ext. i really dont have a good idea about this. so again..please help me..tq

i think u should stick to motorcycle for now,, im still with my EX5 earning about 3k still butthurt. Planing to buy a 2nd EG6 in future x). yeap, rm20 daily for food is about right, better if u cook for dinner. 1 of the most "must have" is insurance . Im with prudential now, rm150 a mnth. Got med card n also saving.

My advice, don't buy car if can.

Car liabilities is quite huge to start with, monthly payment for smallest car can be around Rm300~400, but you need to take into account of insurance, petrol, maintenance stuff, easily another Rm300-500 per month easily which is quite norm. So if commit to buy a car, almost half of 1800 gone first. Left you around 900, which you not yet feed yourself, self expenditure etc.

Car is one of worst culprit why most people don't have enough money left each month.

This post has been edited by cherroy: Dec 12 2010, 11:15 PM

thx for the opinion. so when im gonna buy a car for me? i mean what is the financial condition that allow me to buy 1? med card is what? will pay every time im going to clinic? it cover the cost if im get in ward or surgical/serious decease e.g heart attack/diabetes.


thx for the advice. i thnk i not gonna buy it right now but have no idea when im gonna buy it. i also planning to keep 500 for monthly savings but what is the best way to keep it, asb/unit trust or anything?

R u really in need of car? If not, just save up n buy your dream car. About insurance, u better ask the pro. Medical card got limit too, i for got how much for 150 plan, around 40k a year i think.but its better than nothing in case of emergency

ins for installment

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Added on December 13, 2010, 9:45 amtry to save enough savings equivalent to your 6 months total salary 1st, then only think about buying your first car.

which means if you bank dont have RM10800 cash in your bank as emergency fund now dont even think of buying yet.

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Added on December 13, 2010, 9:49 amI have been living my life without insurance...I am 26...the only son...

This post has been edited by ah_suknat: Dec 13 2010, 09:49 AM

Best Personal finance management is go exercise 5 days a week
we must not spend on medical things, rather go reflexology

still depend where you work.

last time i work in cyberjaya, without car, you gonna waste a lot of times in public transport.

Just got my paycheck
RM1648 after deduction of EPF & SOCSO
after returning my friends and paying rental
left 1k, what to save, no determination
this year resolution 20k but now only save few k
:headshakes:

Make resolution also must use mathematics, if your pay is RM 1648 p/m nett, then RM 1,648 x 12 months = RM 19,776. Lets say excluding bonus (because it is not certain), if you don't eat and stay in the street also not enough for you to save 20k per year.

Have reasonable expectations, then only work towards them. I suggest you take 20% of your net pay as a target, which is more reasonable and not get over your head on savings. For you, expect to save RM 1,648 x 12 x 20% = RM 3,955.20. If you achieve better than that amount it is reasonably good already. Aim to save at least 20% is good enough.

Please snap back to reality... unless the only other way is to increase your pay, by taking overtime, 2nd jobs or your own side business.

yes i do agree with u to a certain extent, but in reality, it's not that easy sometimes, eg transportation issue,time, etc.
Imo, get a cheap,easy to maintain car for eg, kancil. I myself driving a 15yr old kancil that is light to my pocket, require little maintenance (relatively speaking) and a less of a car hijacking attention. off course, make sure it is good in condition, and it is around 5-7k depending on age/condition. A car doesn't break down that easily, assuming u do proper maintenance (timing belt, engine oil etc).
Although i could afford buying a better and new car, but i chose not to. this is a gratification that can be delayed in later years, and I believe money should be invested/put to better good use @young age. Buying a car is easy, and be a slave to it for the next 9-11yrs which depreciates over time. Sometimes, really, looking @ those young adults driving good cars (vios, etc) & lavish lifestyle , i could just imagine how bad is their savings rate. (assuming it's self bought and normal employed).

my advice as above, cut story short.

This post has been edited by kucingfight: Dec 15 2010, 11:01 PM